This is to continue the post series about where the oil price might be heading. I tend to agree that we are entering a superbul, superlong cycle for commodities which will span over a century or more. After all - oil is a finite resource and virgin oil might get insanely expensive to produce in the future world suffocating from CO2 and plastic waste. Plus there might be a fair degree of dollar depreciation built in the price.
However, the early phase of it which may take the next 20 years is unlikely to be easy to profit from. The next post is a monthly chart - make sure you check it. I think it is super cool.
Beware fusion energy. The joke is that it has been "coming in 30 years" for the last 100 years. But things are getting serious, and some feel that IF engineering economics challenges (eg heat management etc, etc) can be overcome, fusion may make a big dent in energy by late 2030's, including oil demand! Longer shots are that the basic physics is disrupted, and that far more practical fusion units become available for even heavy road transportation. I don't count on the science wasteland of the theme that "Anthropogenic CO2 is the main driver of climate since 1850" (the claims shift, but I hold them to their original over-whelming truth). Climate has been changing to far greater extremes for billions of years and will continue to do so. Young scientists will tire of this science religion and create their own scams.
YouCannotBeSerious
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Fascinating proposal. Food for thought!
ashkanmohajer34
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nicely done. Although, next week the price is going to be very volatile and very risky.